WSFS Financial Co. (NASDAQ:WSFS) to Issue Quarterly Dividend of $0.15

WSFS Financial Co. (NASDAQ:WSFS) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Friday, May 10th will be paid a dividend of 0.15 per share by the bank on Friday, May 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Thursday, May 9th.

WSFS Financial has increased its dividend payment by an average of 7.7% annually over the last three years. WSFS Financial has a payout ratio of 13.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect WSFS Financial to earn $4.36 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 13.8%.

WSFS Financial Trading Up 0.5 %

Shares of WSFS stock opened at $46.28 on Tuesday. WSFS Financial has a fifty-two week low of $29.59 and a fifty-two week high of $47.97. The stock has a market cap of $2.78 billion, a P/E ratio of 10.33 and a beta of 1.02. The business has a fifty day simple moving average of $43.35 and a 200-day simple moving average of $42.35. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.46.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. The business had revenue of $251.10 million for the quarter, compared to analyst estimates of $247.57 million. WSFS Financial had a return on equity of 11.94% and a net margin of 20.73%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.02 earnings per share. On average, analysts forecast that WSFS Financial will post 4.25 earnings per share for the current fiscal year.

WSFS Financial Company Profile

WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.